Global oilseed futures prices have experienced extraordinary volatility, being led by crude oil prices. Around 30% of global oilseed production is used to manufacture biofuel, which competes with diesel and petroleum. Rapeseed is used for in the EU for ISCC biofuel manufacture and the......
Over the past two months, US wheat futures have rallied strongly, driven by managed funds covering their large net short positions amid persistent dry conditions across key US growing regions and escalating tensions in the Middle East. As of 24 February, managed funds were reported......
As growers shift their focus from harvest toward summer spraying and early planting plans, strong export demand continues to absorb Australia’s record barley crop. Globally, prices remain relatively steady; however, a firmer Australian dollar is tempering local returns and capping upside in domestic values. Domestic......
South Australian canola production rebounded in 25/26, with production estimated at 507kMT, up 155kMT (44%) on the drought impacted 24/25 season and returning to the 5-year average. The area seeded in 25/26 was slightly below average at 226,000ha, however a cool and late wet......
Lentil prices in SA have strengthened post-harvest, with bulk export activity offering support for the market. With harvest pressures now behind us, the reduced grower selling liquidity has further supported prices. Since the start of the new year, bids have risen between $40-$50/MT; this......
Southeastern Australia’s wheat harvest is wrapping up, with recent reports indicating average-to-above-average yields. According to the latest ABARES report, 2025/26 SA wheat production is estimated at 4.7 MMT, up about 2 MMT from the previous dry season. VIC wheat production is estimated at 4.0......
As headers are cleaned down and harvesters are finally parked up in the shed for another growing season, most growers are enjoying a short-lived break post-harvest. Locally, BAR1 in Adelaide has continued to edge higher post-harvest, now sitting at $305/MT — up $11/MT over the......
The canola harvest in SA is nearing completion with reports of average to above average yields especially through the higher rainfall zones. The cool conditions through spring and late rains helped crops to extend flowering which improved yield and quality has also been good with......
With the Aussie lentil harvest now mostly completed, the peak seasonal selling pressure has started to ease. Bids have subsequently improved from delivered values circa $615/MT at major ports to indications between $630-$650/MT at the time of writing. Part of the lift is also......
Over the past month, the SA and VIC markets have been under pressure, mainly driven by softening basis as the wheat harvest is well underway and a strengthening Aussie dollar. Since mid-November, both Adelaide and Portland APW1 track prices have declined by about $9/MT.......
Local feed grain markets have been relatively steady to firmer over the past month. As barley harvest progresses across WA, Queensland, NSW under mostly favourable weather, with early yields exceeding expectations. South Australia and Victoria harvest is well underway, though progress has been slow due......
The canola harvest in South Australia has commenced but has been delayed by cool and wet conditions through late spring. These same conditions have also added yield in some high rainfall districts. Prices for ISCC conventional canola have been in an uptrend since early October......
The Aussie lentil harvest is well underway, despite the hold-ups from ongoing rainfall. Some growers have been getting total precipitation up to 50-60mm since the start of November. Growers in the Vic Mallee and SA’s Upper North have seen between 5-25mm over the same......
Over the past fortnight, the SA and VIC markets have held steady, with increases in global wheat futures offset by a weakening local basis as harvest slowly picks up pace. Since mid-October, ADE basis has softened from 71 USc/bu to 51 USc/bu, while PTL......
The US corn harvest is wrapping up, with estimates putting total production near a record 425MMT. But the month-long US government shutdown has made it difficult to pin down updated yield results or export data, leaving markets to run on increased speculation whilst data sits......
The South Australian canola harvest is slowly approaching, with recent wet and cool weather delaying harvest. The area planted to canola in SA was reduced at the beginning of the season due to a late start and dry subsoil. The crop has developed well in......
Lentil prices have steadied over recent weeks with delivered prices settling just above $600/mt. Recent price support has been driven by a lower Aussie dollar (vs September), limited grower selling and a decline in Canadian liquidity post-harvest. Some near-term shipping shorts have seen recent......
October saw the wheat market regain some strength, with Adelaide APW1 prices edging up by around $5/MT for the month to-date, while Portland APW1 gained about $10/MT. The market has been mainly supported by a weaker Australian dollar and increasingly dry conditions since September. However,......
Local barley prices we have seen some small gains over the past month, with BAR1 in Adelaide circa $290/MT and $310/MT in Geelong. The market has found some support with the weather turning more arid and growers are searching for finishing rains. In the background,......
The SA and Vic canola growing season has improved significantly from the first half of 2025 with the late start and low subsoil moisture, to now better soil moisture profiles following good rainfall through winter in most regions. The USDA WASDE production forecast for the......
Aussie lentil prices have continued to push lower, with declines surpassing $100/MT over the last month. The primary driver has been the hefty Canadian crop which is reportedly much larger than originally anticipated, with production forecasts ranging between 2.9-3.5MMT (combined red and green). At......
SA and VIC wheat markets have remained under pressure this month, with Port Adelaide APW1 down $12/MT and Portland $14/MT since early September. This decline has been driven by weaker global wheat futures, a firmer Australian dollar, and easing basis levels. Of note, global wheat......
Barley prices have continued to cool across southern Australia, with bids slipping to around $290 per metric tonne (MT) in Adelaide’s Outer Harbour and $304/MT in Geelong — declines of $17/MT and $11/MT respectively over the past month. The slide reflects improved grower confidence and......
Canola crops in South Australia are beginning to flower and are in generally good health due to favourable growing conditions despite the late start to the season. ABARES’ recent September Crop Report has the 25/26 SA canola crop pegged 373kMT, unchanged on last year but......
The lentil market has been hit hard by the onset of the Canadian harvest. In both SA and Vic, nipper lentil prices for the 25/26 season have declined $80-100/MT (across various delivery locations) since the start of August. Initially, the Canadian harvest started off......